Common use of Unused Line Fee Clause in Contracts

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 3 contracts

Samples: Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (MGP Ingredients Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.8(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement, Rclc, Inc.

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(a), “Unused Amount” means the Maximum Line Amount reduced by (i) outstanding Revolving Advances and (ii) the L/C Amount. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Heska Corp, Heska Corp

Unused Line Fee. For the purposes of this Section 2.7(b) 2.9, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent ( 0.50 0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Digital Angel Corp), Credit and Security Agreement (Digital Angel Corp)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one one-quarter percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, which fee shall be fully earned by the Lender, due and payable monthly in arrears on the first day of the each month and on the Termination Date . For the purposes of this Section 2.11(d), "Unused Amount" means the Maximum Line minus outstanding Advances.

Appears in 1 contract

Samples: Credit and Security Agreement (Ag Bag International LTD)

Unused Line Fee. For the purposes of this Section 2.7(b 2.10(a), "Unused Amount " means the Maximum Line Amount reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to Borrowers shall pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Leather Factory Inc

Unused Line Fee. For the purposes of this Section 2.7(b 2.4(b), “Unused Amount” means the Maximum Line Amount reduced by Commitment, minus the outstanding Revolving Advances and the L/C Amount Letter of Credit Obligations. The Borrower agrees to pay to the Lender Bank an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, Date due and payable monthly in arrears on the first day of the each calendar month and on the Termination Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (SPS Commerce Inc)

Unused Line Fee. For the purposes of this Section 2.7(b) 2.9, "Unused Amount " means the Maximum Line Amount reduced by any outstanding Revolving Advances and the L/C Amount aggregate CREDIT AND SECURITY AGREEMENT - PAGE 19 undrawn amount of all outstanding Letters of Credit. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half three-eighths of one percent ( 0.50 0.375%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Kitty Hawk Inc)

Unused Line Fee. For the purposes of this Section 2.7(b SECTION 2.8(b), "Unused Amount " means the Maximum Line Amount reduced by the sum of outstanding Revolving Advances and the L/C Amount. The Each Borrower agrees to pay to the Lender an aggregate unused line fee (the "Unused Line Fee") at the rate of one one-half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Amended and Restated Credit and Security Agreement (Allis Chalmers Corp)

Unused Line Fee. For the purposes of this Section 2.7(b 2(e), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender Bank an unused line fee at the rate of one half one-eighth of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Peoples Educational Holdings)

Unused Line Fee. For the purposes of this Section 2.7(b 2.10(b), "Unused Amount " means the Maximum Line Amount reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to Borrowers shall pay to the Lender an unused line fee at the rate of one half of one percent ( 0.50 0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

Unused Line Fee. For the purposes of this Section 2.7(b) 2.10, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Waters Instruments Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.11(b), "Unused Amount " means the Maximum Line Amount reduced by (i) outstanding Revolving Advances and (ii) the L/C Amount. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Amended and Restated Credit and Security Agreement (Heska Corp)

Unused Line Fee. For the purposes of this Section 2.7(b 2.11(b), "Unused Amount " means the Maximum Line Amount reduced by (i) outstanding Revolving Advances Advances, and (ii) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent ( 0.50 .5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month each Interest Payment Date and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), “Unused Amount” "UNUSED AMOUNT" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount . The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly quarterly in arrears on the first day of the month calendar quarter and on the Termination Date.

Appears in 1 contract

Samples: Naturade Inc

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Chaparral Network Storage Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly quarterly in arrears on the first day of the month quarter and on the Termination Date . All fees due and payable under this Section 2.3(b) shall be debited from the Borrowers' account.

Appears in 1 contract

Samples: Credit and Security Agreement (Pentastar Communications Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one quarter percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Naco Industries Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent ( 0.50 0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Poore Brothers Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent ( 0.50 .5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month each Interest Payment Date and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and SKR:bss 287918.06 3/22/99 9 including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Autotradecenter Com Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Orthologic Corp

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one one-quarter percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Meteor Industries Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), Unused Amount” means Amount means, on any day of determination, an amount equal to the Maximum Line Amount reduced by outstanding in effect on such day, minus the aggregate amount of Revolving Advances and outstanding at the L/C Amount end of such day. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement Effective Date to and including the Termination Date, due and payable monthly in arrears on the first day of the month each month, commencing May 1, 2002, and on the Termination Date.

Appears in 1 contract

Samples: Security Agreement (Technology Flavors & Fragrances Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and Advances. At such time, if any, as this Agreement is in effect but the L/C Amount. The WFBCI Credit Agreement is not in effect, the Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one one-quarter percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month each Interest Payment Date and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (San Holdings Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.3(d), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and by the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one one-quarter percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Marquest Medical Products Inc

Unused Line Fee. For the purposes of this Section 2.7(b 2.4(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount . The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date , provided that the sum of this fee and the unused line fee under the NBCI Credit Facility shall not exceed one-quarter of one percent (0.25%) per annum times the difference of $4,100,000 and the aggregate average daily outstanding principal balance of the Revolving Advances and the revolving advances under the NBCI Credit Facility.

Appears in 1 contract

Samples: Medical Graphics Corp /Mn/

Unused Line Fee. For the purposes of this Section 2.7(b 2.5(b), “Unused Amount” "UNUSED AMOUNT" means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly quarterly in arrears on the first day of the month each calendar quarter and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Microtel International Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.5(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount . The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Seair Group Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.5(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Laser Power Corp/Fa)

Unused Line Fee. For the purposes of this Section 2.7(b 2.6(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement Funding Date to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Tradestar Services, Inc.

Unused Line Fee. For the purposes of this Section 2.7(b 2.6(b), "Unused Amount " means the Maximum Line Amount reduced by the sum of the outstanding Revolving Advances and the L/C Amount outstanding principal balance of the Term Note. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the each calendar month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Emrise CORP)

Unused Line Fee. For the purposes of this Section 2.7(b 2.6(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Hei Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.6(e), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Unused Line Fee. For the purposes of this Section 2.7(b) 2.6, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Exabyte Corp /De/)

Unused Line Fee. For the purposes of this Section 2.7(b 2.7(a), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Amended and Restated Credit and Security Agreement (Global Employment Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount " means the Maximum Line Amount $15,000,000 reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Interpharm Holdings Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Seaway Valley Capital Corp)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount " means the Maximum Line Amount reduced by the greater of (a) the Minimum Loan Amount and (b) outstanding Revolving Advances and the L/C Amount Advances. The Borrower Borrowers agrees to pay to the Lender an unused line fee at the rate of one half of one percent ( 0.50 .50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Misonix Inc

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: First Team Sports Inc

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and plus the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one- quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Lectec Corp /Mn/)

Unused Line Fee. For the purposes of this Section 2.7(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Vari L Co Inc

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Staar Surgical Co)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender quarterly an unused line fee at the rate of one half one-fifth of one percent ( 0.50 0.20%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears quarterly on the first day of the month immediately following the end of the respective quarter and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (uBid.com Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Newtek Business Services Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half three-eighths of one percent ( 0.50 0.375%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Pacific Cma Inc

Unused Line Fee. For the purposes of this Section 2.7(b 2.7(i), “Unused Amount” means the Maximum Line Amount reduced by the sum of (i) outstanding Revolving Advances and Advances, plus (ii) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half three-eighths of one percent ( 0.50 .375%) per annum on the average daily Unused Amount from the date of this Agreement closing to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date Date calculated upon the amount, if any, by which the Maximum Line Amount exceeds the average outstanding daily principal balance during the preceding month of the Indebtedness.

Appears in 1 contract

Samples: Credit and Security Agreement (Pure Earth, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b 2.8(a), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b) 2.8, “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees Borrowers agree to pay to the Lender an unused line fee at the rate of one half of one two tenths percent ( 0.50 .20%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Miscor Group, Ltd.

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(a), “Unused Amount” means the Aggregate Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one a percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Delphax Technologies Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(a), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one 0.25 percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Amended and Restated Credit and Security Agreement (Rf Monolithics Inc /De/)

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(b), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half one-quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Ronson Corp

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and plus the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) per annum applicable Unused Line Fee Rate on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Boots & Coots International Well Control Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(c), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to shall pay to the Lender an unused line fee at the rate of one half of one percent one-quarter ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement Closing Date to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date , provided that the sum of the Unused Fee and the unused line fee under the WFBCI Credit Facility shall not exceed one-quarter percent (.25%) per annum times the difference of (i) $2,800,000 and (ii) the average of the sum of the daily outstanding principal balance of the Advances and the WFBCI Advances plus the L/C Amount under the WFBCI Credit Agreement.

Appears in 1 contract

Samples: Lectec Corp /Mn/

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(c), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent (0.50%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Gardenburger Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(g), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one six hundred twenty-five thousandths percent ( 0.50 0.625 %) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day Banking Day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Schuff International Inc)

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(g), "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half three hundred seventy-five thousandths of one percent ( 0.50 0.375%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day Banking Day of the month and on the Termination Date.

Appears in 1 contract

Samples: Amended and Restated Credit and Security Agreement (Hc2 Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b 2.9(g), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one one-half of one percent ( 0.50 0.50 %) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day Banking Day of the month and on the Termination Date.

Appears in 1 contract

Samples: Amended and Restated Credit and Security Agreement (HC2 Holdings, Inc.)

Unused Line Fee. For the purposes of this Section 2.7(b) 2.9, "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Cost U Less Inc

Unused Line Fee. For the purposes of this Section 2.7(b) 2.9, "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 .25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Unused Line Fee. For the purposes of this Section 2.7(b) 2.9, "Unused Amount " means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month following the month in which such fee accrues and on the Termination Date.

Appears in 1 contract

Samples: Dynamic Materials Corp

Unused Line Fee. For the purposes of this Section 2.7(b) Section, "Unused Amount” Line means the Maximum Line Amount Line, reduced by average daily outstanding Revolving Advances and by the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one percent (0.50%) a per annum rate (computed on the average daily actual number of days elapsed over a year of 360 days), equal to 0.375% of the Unused Amount from the date of this Agreement to and including the Termination Date Line, due and payable monthly in arrears on the first day of the each month and on the Termination Date last day of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Lmi Aerospace Inc)

Unused Line Fee. Section 2.7(b) of the Credit Agreement is hereby deleted in its entirety and the following is substituted therefor: (b) Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half quarter of one percent ( 0.50 0.25%) per annum on the average daily Unused Amount from the date of this Agreement January 1, 2011 to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

Appears in 1 contract

Samples: Amendment to Credit and Security Agreement (MGP Ingredients Inc)

Unused Line Fee. For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one half of one percent ( 0.50 %) % per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date . For the purposes of this Section 2.11(e), “Unused Amount” means the Maximum Line reduced by the sum of (1) outstanding Revolving Advances and (2) the L/C Amount.

Appears in 1 contract

Samples: Security Agreement (Nortech Systems Inc)